Page 7 - Nclt

State Bank of India moves NCLT to recover dues from Bajaj Hindusthan Sugar

The sugar and ethanol producer owes nearly Rs 4,800 crore to banks

NCLT okays demerger plan of Piramal Enterprises into pharma, corporate biz

"We are on track to achieve the completion of demerger and separate listing of Piramal Pharma by the third quarter of the current financial year," PEL Chairperson Ajay Piramal said.

Future Consumer Q1 net loss widens to Rs 95.14 cr, revenue down 65%

The company had posted a net loss of Rs 31.54 crore in the April-June quarter a year ago, said FCL, the FMCG arm of the Future group, in a BSE filing.

NCLT says it did not issue notification on hearing urgent matters

The National Company Law Tribunal (NCLT) has said that it did not issue any notification saying that only urgent matters will be heard through the virtual mode due to shortage of members.

NCLAT stays NCLT order terming allotment of shares in Peerless 'void'

About 30,000 shares of Peerless had been issued to friends, relatives and nominees of the Roys, promoters of Peerless, in 1988 following an annual general meeting

Amazon moves SC challenging NCLAT ruling on Future group investment

Appellate tribunal upheld CCI order suspending digital commerce platform's investment in Future group in 2019

CFM ARC sells JBF Industries assets to Reliance Industries entity

RIL was the lone bidder for the company with a Rs 825-crore offer as against the dues of Rs 2,100 crore of banks

Lodha claims 47% in Peerless after NCLT says share allotment to Roys 'void'

Peerless Managing Director Jayanta Roy said that the order was nothing but a stage of litigation

3 Future group firms to file claims before interim resolution professional

NCLT has passed the order after allowing the petition filed by Bank of India (BoI) following loan defaults by FRL -- the flagship firm of the Kishore Biyani-led group

NCLT admits Bank of India's insolvency petition against Future Retail

IRP appointed; corporate insolvency resolution process to start against the retailer

Top headlines: FRL to go under insolvency at NCLT; Wipro Q1 net falls 21%

Business Standard brings you the top headlines this hour

Power to admit insolvency application not binding even when debt owed: SC

The bench said NCLT failed to appreciate the question of time-bound initiation and completion of corporate insolvency resolution process could only arise if companies were bankrupt or insolvent

Shriram Transport Finance gets shareholders' approval for merger with SCUF

Shriram Transport Finance, which is part of the Shriram Group, now awaits approval from Shriram City Union Finance shareholders and creditors and NCLT, CCI and Irdai

How the Ukraine war may give wings to Jet airways' international plans

Jet Airways plans to lease 20 Airbus A320s by 2024

Insolvency regulator working to bring mediation in insolvency cases

A source privy to IBBI's discussion said mediation might address the issue of courts delaying the insolvency process.

Some gaps in ILC recommendations on resolution process, say experts

Report seen as unclear on who should pursue cases related to avoidable transactions and improper trading under bankruptcy code

NCLT members' tenure: SC refuses to pass interim order, to hear in July

The bench said it would take up the matter which includes the rights of the appointed persons and their continuance in office for five years, on July 20, and also the process of appointment

Kamdhenu demerges paints biz; to list new entity Kamdhenu Ventures in Q2

Post demerger, Kamdhenu Ltd will continue to focus on steel business, while Kamdhenu Ventures Limited will expand the paints business

Bombay HC turns down Dish TV plea in ownership row with YES Bank

YES Bank has over 440 million shares (or around 25 per cent) in the direct-to-home company and has been seeking a change in management for some time now

Inadequate infrastructure continues to impede IBC implementation

A paper by the Insolvency and Bankruptcy Board of India (IBBI) said the time taken between filing of an insolvency application and its admission increased to 650 days in financial year 2021